Bristol-based engineering and manufacturing enterprise Avon Group has accomplished one other key acquisition with the acquisition of Telford-based Acousta Merchandise Ltd.
Acousta Merchandise is a extremely profitable producer of acoustic foam and rubber merchandise for all kinds of business prospects within the automotive, medical, air-con and packaging sectors.
Based over 25 years in the past, the corporate operates from a 25,000sq ft facility the place it operates an intensive array of specialist manufacturing plant and tools producing precision lower, bespoke merchandise for industrial sealing, insulation, acoustic and safety functions.
The acquisition of Acousta Merchandise is the third acquisition in lower than two years by Avon Group and additional consolidates its place as a significant participant within the UK’s industrial part manufacturing sector.
Since 2020, the Group has additionally acquired Cheltenham-based plastic mouldings enterprise, Edgewest Plastics (UK) and Corby-based gasket producer Scandura. The acquisition of Acousta Merchandise now expands the Group to a complete of 9 corporations.
Mark Rushin, Group Director of Avon Group, stated: “After 40 years of constant enlargement, our Group is constant to pursue a technique of development in each market share and depth of product providing. As a Group, we’ve got proven great resilience and have continued to develop throughout very difficult instances. The acquisition of Acousta Merchandise makes excellent sense for us and for Acousta as we serve related markets. It would create thrilling new alternatives for future development for Acousta as a part of the Group.”
Rob Hamilton, the son of the founding father of Acousta, will keep on as Normal Supervisor and stated: “This represents a big leap ahead for Acousta and affords us the chance to proceed to function as an impartial enterprise while benefiting from being half of a bigger group. It would give us higher scope for development as a part of a dynamic, fast-growing group of like-minded companies working in the identical markets. We are going to proceed to function from our current premises and retain all current members of workers, so it truly is a “win-win” state of affairs.”
The submit Avon Group completes acquisition of Telford-based Acousta Merchandise appeared first on Enterprise Chief.